Off-the-Road Tire Market

The global off-the-road tire market grew at a CAGR of 5% during 2014-2019. Off-the-road (OTR) tires refer to the deep treaded tires that provide high traction over unlevelled surfaces, including rock, mud, loose dirt, or gravel. Various off-the-road vehicles include cranes, wheel loaders, telescopic handlers, tractors, all-terrain vehicles (ATVs), military trucks, and specialized purpose vehicles. OTR tires provide high heat and rolling resistance, better durability, enhanced vehicular performance, optimum stability, easy mobility, and reduced contact patch area. As a result, these tires are widely adopted across various sectors, including construction, mining, recreation, and agriculture.

The expanding construction industry coupled with rising infrastructural development across diverse geographic locations is augmenting the demand for OTR vehicles. Rising construction activities such as bridges, highways, dams, power supply grids, etc., are further bolstering the OTR tire market. Moreover, the market is also driven by the increasing adoption of automated machinery for several industrial processes. The prevalent trend of farm mechanization along with the rising demand for off-the-road tractors in the agriculture sector is also driving the market. The increasing adoption of OTR tires in dirt bikes and quads for several recreational purposes is also driving the market. The market is also being catalyzed by technological advancements. For instance, the rising integration of various sensor-based technologies with OTR tires helps in monitoring tire pressure and temperature and proactively addresses any potential hazards by providing real-time data analysis.

The COVID-19 pandemic outbreak in early 2020, however, has negatively impacted the growth of the off-the-road tire market. Several industrial and construction activities were temporarily halted due to national lockdowns across the globe. Lockdowns also resulted in raw material supply disruption and temporary shutdown of plants manufacturing OTR tires. From 2021, however, we expect the global off-the-road tire market to recover and grow moderately during 2021-2025.

Breakup by Vehicle Type:

• Mining Vehicles
• Construction & Industrial Vehicles
• Agricultural Vehicles
• Others
   

Breakup by Tire Type:

• Radial Tire
• Bias Tire
   

Breakup by End-Use:

• OEM
• Replacement
   

Breakup by Distribution Channel:

• Online
• Offline
   

Breakup by Rim Size:

• Below 29 inches
• 29-45 inches
• Above 45 inches
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Apollo Tyres, Balkrishna Industries Limited, Bridgestone Corporation  , Cheng Shin Rubber Ind. Co. Ltd., China National Tire & Rubber Co. Ltd. (China National Chemical Corporation Limited), Continental AG, Double Coin Holdings ( Shanghai Huayi Group Corporation Limited), JK Tyre & Industries Ltd., Michelin, Pirelli & C. S.p.A., The Goodyear Tire & Rubber Company, Titan International Inc., Trelleborg Ab, and Yokohama Rubber Co. Ltd.

Key Questions Answered in This Report:

• How has the global off-the-road tire market performed so far and how will it perform in the coming years?
• What has been the impact of COVID 19 on global-off-the-road tire market?
• What are the key regional markets?
• What is the breakup of the market based on the vehicle type?
• What is the breakup of the market based on the tire type?
• What is the breakup of the market based on the end-use?
• What is the breakup of the market based on the distribution channel?
• What is the breakup of the market based on the rim size?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global off-the-road tire market and who are the key players?
• What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Off-the-Road Tire Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID 19
    5.4    Market Forecast
6    Market Breakup by Vehicle Type
    6.1    Mining Vehicles
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Construction & Industrial Vehicles
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Agricultural Vehicles
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Tire Type
    7.1    Radial Tire
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Bias Tire
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by End-Use
    8.1    OEM
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Replacement
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Distribution Channel
    9.1    Online
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Offline
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Rim Size
    10.1    Below 29 inches
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    29-45 inches
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Above 45 inches
        10.3.1 Market Trends
        10.3.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Saudi Arabia
           11.5.1.1 Market Trends
           11.5.1.2 Market Forecast
        11.5.2 UAE
           11.5.2.1 Market Trends
           11.5.2.2 Market Forecast
        11.5.3 South Africa
           11.5.3.1 Market Trends
           11.5.3.2 Market Forecast
        11.5.4 Others
           11.5.4.1 Market Trends
           11.5.4.2 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
    13.1    Overview
    13.2    Raw Material Procurement
    13.3    Inbound Logistic
    13.4    Manufacturing
    13.5    Outbound Logistic
    13.6    Distribution
    13.7    After Sale Services
14    Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
    15.1    Key Price Indicators
    15.2    Price Structure
    15.3    Price Trends
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Apollo Tyres
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio 
           16.3.1.3 Financials
        16.3.2    Balkrishna Industries Limited 
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio 
           16.3.2.3 Financials
        16.3.3    Bridgestone Corporation
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio 
           16.3.3.3 Financials
           16.3.3.4 SWOT Analysis
        16.3.4    Cheng Shin Rubber Ind. Co. Ltd.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
           16.3.4.3 Financials
        16.3.5    China National Tire & Rubber Co. Ltd. (China National     Chemical Corporation Ltd.)
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio 
        16.3.6    Continental AG
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio 
           16.3.6.3 Financials
           16.3.6.4 SWOT Analysis
        16.3.7    Double Coin Holdings (Shanghai Huayi Group Corp. Ltd.)     
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio 
        16.3.8    JK Tyre & Industries Ltd. 
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio 
           16.3.8.3 Financials
        16.3.9    Michelin
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio 
           16.3.9.3 Financials
           16.3.9.4 SWOT Analysis
        16.3.10    Pirelli & C. S.p.A.
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio 
           16.3.10.3 Financials
           16.3.10.4 SWOT Analysis
        16.3.11    The Goodyear Tire & Rubber Company
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio 
           16.3.11.3 Financials
           16.3.11.4 SWOT Analysis
        16.3.12    Titan International Inc.
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio 
           16.3.12.3 Financials
        16.3.13    Trelleborg Ab
           16.3.13.1 Company Overview
           16.3.13.2 Product Portfolio 
           16.3.13.3 Financials
        16.3.14    Yokohama Rubber Co. Ltd.
           16.3.14.1 Company Overview
           16.3.14.2 Product Portfolio 
           16.3.14.3 Financials
           16.3.14.4 SWOT Analysis

 
List of Figures

Figure 1: Global: Off-the-Road Tire Market: Major Drivers and Challenges
Figure 2: Global: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 4: Global: Off-the-Road Tire Market: Breakup by Vehicle Type (in %), 2019
Figure 5: Global: Off-the-Road Tire Market: Breakup by Tire Type (in %), 2019
Figure 6: Global: Off-the-Road Tire Market: Breakup by End-Use (in %), 2019
Figure 7: Global: Off-the-Road Tire Market: Breakup by Distribution Channel (in %), 2019
Figure 8: Global: Off-the-Road Tire Market: Breakup by Rim Size (in %), 2019
Figure 9: Global: Off-the-Road Tire Market: Breakup by Region (in %), 2019
Figure 10: Global: Off-the-Road Tire (Mining Vehicles) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 11: Global: Off-the-Road Tire (Mining Vehicles) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 12: Global: Off-the-Road Tire (Construction & Industrial Vehicles) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 13: Global: Off-the-Road Tire (Construction & Industrial Vehicles) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 14: Global: Off-the-Road Tire (Agriculture Vehicles) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 15: Global: Off-the-Road Tire (Agriculture Vehicles) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 16: Global: Off-the-Road Tire (Other Vehicle Types) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 17: Global: Off-the-Road Tire (Other Vehicle Types) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 18: Global: Off-the-Road Tire (Radial Tire) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 19: Global: Off-the-Road Tire (Radial Tire) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 20: Global: Off-the-Road Tire (Bias Tire) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 21: Global: Off-the-Road Tire (Bias Tire) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 22: Global: Off-the-Road Tire (OEM) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 23: Global: Off-the-Road Tire (OEM) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 24: Global: Off-the-Road Tire (Replacement) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 25: Global: Off-the-Road Tire (Replacement) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 26: Global: Off-the-Road Tire (Online) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 27: Global: Off-the-Road Tire (Online) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 28: Global: Off-the-Road Tire (Offline) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 29: Global: Off-the-Road Tire (Offline) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 30: Global: Off-the-Road Tire (Below 29 inches) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 31: Global: Off-the-Road Tire (Below 29 inches) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 32: Global: Off-the-Road Tire (29-45 inches) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 33: Global: Off-the-Road Tire (29-45 inches) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 34: Global: Off-the-Road Tire (Above 45 inches) Market: Sales Value (in Billion US$), 2014 & 2019
Figure 35: Global: Off-the-Road Tire (Above 45 inches) Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 36: North America: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 37: North America: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 38: United States: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 39: United States: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 40: Canada: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 41: Canada: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 42: Asia Pacific: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 43: Asia Pacific: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 44: China: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 45: China: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 46: Japan: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 47: Japan: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 48: India: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 49: India: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 50: South Korea: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 51: South Korea: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 52: Australia: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 53: Australia: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 54: Indonesia: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 55: Indonesia: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 56: Others: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 57: Others: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 58: Europe: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 59: Europe: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 60: Germany: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 61: Germany: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 62: France: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 63: France: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 64: United Kingdom: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 65: United Kingdom: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 66: Italy: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 67: Italy: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 68: Spain: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 69: Spain: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 70: Russia: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 71: Russia: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 72: Others: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 73: Others: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 74: Latin America: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 75: Latin America: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 76: Brazil: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 77: Brazil: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 78: Mexico: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 79: Mexico: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 80: Others: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 81: Others: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 82: Middle East and Africa: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 83: Middle East and Africa: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 84: Saudi Arabia: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 85: Saudi Arabia: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 86: UAE: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 87: UAE: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 88: South Africa: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 89: South Africa: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 90: Others: Off-the-Road Tire Market: Sales Value (in Billion US$), 2014 & 2019
Figure 91: Others: Off-the-Road Tire Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 92: Global: Off-the-Road Tire Industry: SWOT Analysis
Figure 93: Global: Off-the-Road Tire Industry: Value Chain Analysis
Figure 94: Global: Off-the-Road Tire Industry: Porter’s Five Forces Analysis
 
List of Tables

Table 1: Global: Off-the-Road Tire Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Off-the-Road Tire Market Forecast: Breakup by Vehicle Type (in Billion US$), 2020-2025
Table 3: Global: Off-the-Road Tire Market Forecast: Breakup by Tire Type (in Billion US$), 2020-2025
Table 4: Global: Off-the-Road Tire Market Forecast: Breakup by End-Use (in Billion US$), 2020-2025
Table 5: Global: Off-the-Road Tire Market Forecast: Breakup by Distribution Channel (in Billion US$), 2020-2025
Table 6: Global: Off-the-Road Tire Market Forecast: Breakup by Rim Size (in Billion US$), 2020-2025
Table 7: Global: Off-the-Road Tire Market Forecast: Breakup by Region (in Billion US$), 2020-2025
Table 8: Global: Off-the-Road Tire Market: Competitive Structure
Table 9: Global: Off-the-Road Tire Market: Key Players